# Summary Statistics: Asset Variables

| Variable | N | Countries | Mean | Std | Min | Median | Max |
|---|---|---|---|---|---|---|---|
| real_bond_10y | 907 | 23 | 2.43 | 2.97 | -10.24 | 2.36 | 21.46 |
| real_short_3m | 910 | 23 | 1.75 | 3.35 | -11.28 | 1.38 | 17.71 |
| term_spread | 931 | 23 | 0.85 | 1.84 | -5.65 | 0.87 | 21.92 |
| govt_bond_10y | 1018 | 23 | 5.73 | 3.85 | -0.52 | 5.00 | 22.50 |
| reer | 1767 | 57 | 101.80 | 16.60 | 40.68 | 100.00 | 179.72 |
| log_reer | 1767 | 57 | 4.61 | 0.17 | 3.71 | 4.61 | 5.19 |
| d_reer | 1710 | 57 | 0.55 | 6.40 | -58.26 | 0.43 | 59.32 |
| hpi | 1982 | 56 | 4.56 | 8.37 | -37.92 | 3.78 | 94.72 |
| log_rhpi | 1982 | 56 | 1.24 | 1.06 | 0.00 | 1.33 | 4.55 |
| d_rhpi | 1927 | 56 | 54.99 | 3044.39 | -52921.41 | -18.61 | 109893.90 |
| stock_market_cap_gdp | 1032 | 35 | 66.72 | 160.76 | 0.02 | 30.41 | 1777.23 |
| stocks_traded_gdp | 1103 | 37 | 31.45 | 92.11 | 0.00 | 5.85 | 1102.60 |
| d_stock_market_cap | 979 | 35 | 1.86 | 49.38 | -648.50 | 0.46 | 470.96 |
| port_eq_assets_gdp | 7908 | 193 | 27.20 | 167.65 | -0.10 | 0.18 | 4078.90 |
| carry_vs_usa | 983 | 23 | 1.04 | 3.22 | -5.17 | 0.29 | 23.95 |
| carry_vs_jpn | 529 | 23 | 1.72 | 2.09 | -0.91 | 1.06 | 11.45 |
| fx_hedged_vs_usa | 931 | 23 | -0.24 | 1.82 | -8.22 | -0.15 | 20.40 |
| fx_hedged_vs_jpn | 529 | 23 | 0.65 | 1.90 | -3.18 | 0.55 | 21.42 |

*Panel: 237 countries, 1950-2024*